Global Automotive Electric Water Pump Overview
Automotive Electric Water Pump Market was valued at US$ 16.8 Billion in 2024 and is projected to grow at a CAGR of 4.80% to reach US$ 26.7 Billion by 2034.
With the overriding goal of protecting citizens from threats like crime and natural disasters, public safety is one of every government's primary responsibilities. A motor and battery power an electric water pump, which controls the volume flow needed by the engine. Demand-driven cooling reduces fuel consumption and pollution, and it works best while the engine is cold-starting. The automotive electric water pump regulates the on-demand water volume flow for the engine and other car parts like the power electronics. In passenger and light-duty cars, the electric water pump is also utilized to cool the air that is turbocharged. 90% less energy is used by an electric water pump than by a manually operated water pump. In comparison to a mechanical water pump, an electric water pump offers a number of benefits, including reduced emissions, better engine temperature control, the removal of the engine heat sock, and longer engine life.
Global Automotive Electric Water Pump Drivers & Restraints
Given that it keeps the engine cold and stops it from seizing, an automobile water pump is a crucial part of the cooling system in a car. The longevity of an automotive engine depends on the cylinder area being kept cool. To run efficiently, an engine needs to be kept at its working temperature all the time. This is made possible via the cooling system's coolant, cooler, thermostat, coolant lines, and water pump for cars. Additionally, a combustion engine drives the conventional mechanical vehicle water pump, which moves coolant around the engine. The motor and battery power the electronic water pump in automobiles to provide cooling when necessary.
Global Automotive Electric Water Pump Segmentations & Regional Insights
The Automotive Electric Water Pump Market is segmented based on type, application, and region. On the basis of type, the Global Automotive Electric Water Pump Market is segmented into 12 V and 24V. On the basis of application, the Global Automotive Electric Water Pump Market is segmented into Engine cooling, Battery cooling, and Turbocharger cooling.
Regional Insights:
On basis of region the Global Automotive Electric Water Pump Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volumes, the automotive electric water pump market was dominated by Asia Pacific. The increase in demand for fuel-efficient vehicles in developing nations has directed the revenue streams for regional market participants. Additionally, the recent commercialization of electric vehicles in the region has opened up amazing opportunities for market players to explore.
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024– 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Market Segmentation |
By Type – 12 V and 24 V By Application – Engine cooling, Battery cooling, and Turbocharger cooling. |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Automotive Electric Water Pump report based on test, application, and region.
Automotive Electric Water Pump Market, By Product type:
- 12 V
- 24 v
Automotive Electric Water Pump Market, By Application:
- Engine cooling
- Battery cooling
- Turbocharger cooling
Automotive Electric Water Pump Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Automotive Electric Water Pump Competitive Landscape & Key Players
The key players operating the Global Automotive Electric Water Pump Market includes Aisin Seiki Co. Ltd., Concentric AB, Continental AG, Delphi Automotive, Denso Corporation, Hella KGaA Hueck & Co., Hitachi Automotive Systems, Johnson Electric, JTEKT Corporation, and KSPG AG.
Global Automotive Electric Water Pump Company Profile
- Aisin Seiki Co. Ltd. *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Concentric AB
- Continental AG
- Delphi Automotive
- Denso Corporation
- Hella KGaA Hueck & Co.
- Hitachi Automotive Systems
- Johnson Electric
- JTEKT Corporation
- KSPG AG.
“*” marked represents similar segmentation in other categories in the respective section
Global Automotive Electric Water Pump Highlights
FAQs
Automotive Electric Water Pump Market report segments the market basis of type, application, and region.
Increase in demand for fuel-efficiency, weight reduction of electric water pump by auto manufacturers, and rising demand for better performance and fuel consumption of the vehicle are likely to boost the demand for electric water pump in the automotive industry during the forecast period.
The Asia Pacific region is expected to hold the highest share in the Automotive Electric Water Pump Market.
The leading players operating in the Global Automotive Electric Water Pump Market includes Aisin Seiki Co. Ltd., Concentric AB, Continental AG, Delphi Automotive, Denso Corporation, Hella KGaA Hueck & Co., Hitachi Automotive Systems, Johnson Electric, JTEKT Corporation, and KSPG AG.